Stamp Duty for Buy to Let Property

Stamp duty is charged when property transfers from one owner to another. This HMRC tax changes depending on value of the property and whether you are a first time buyer or not. The stamp duty also varies if you are buying the property for residential or letting purposes. In some circumstances you may be exempt from paying it. Please note that the below calculator is for illustrative purposes only and do not constitute advice.

From October 2021 Stamp Duty liability for anyone purchasing an additional property will change.  The majority of buy to let purchases will attract an additional 2% or 5% stamp duty. Purchases of properties up to £125,000 or less are not liable for stamp duty.  Above this threshold, the higher stamp duty rate will apply unless your total individual ownership is limited to a single dwelling i.e. you do not already own other residential property.

Here’s a detailed breakdown:

Property or lease premium or transfer value SDLT rate
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

Your home may be repossessed if you do not keep up repayments on your mortgage.

You can find out more about the tax on the government website.You are now departing from the regulatory site of Best Buy to Let. Neither Best Buy to Let nor Quilter Financial Planning are responsible for the accuracy of the information contained within the linked site.